07/11/2018

THL Credit to Acquire Kramer Van Kirk’s CLO Business

Under the terms of the agreement, THL Credit Advisors LLC (“THL”) will add to its assets seven collateralized loan obligations totaling approximately $3.4 billion in assets previously managed by Kramer Van Kirk Credit Strategies LP (“KVK”). The transaction is expected to close in the summer of 2018, subject to obtaining required consents. The financial terms of the agreement were not disclosed.

THL is an alternative credit investment manager for both direct lending and syndicated investments. THL has approximately $12.1 billion in assets under management.